Willingness to pay for travel insurance as a risk reduction behavior: health-related risk perception after the outbreak of COVID-19

被引:9
|
作者
Choe, Yeongbae [1 ]
Kim, Hyesun [2 ]
Choi, Youngjoon [3 ]
机构
[1] Gachon Univ, Coll Social Sci, Dept Tourism Management, 1342 Seongnamdaero, Seongnam Si 13120, Gyeonggi Do, South Korea
[2] Woosong Univ, Dept Hotel & Tourism Management, 171 Dongdaejeon Ro, Daejeon 34606, South Korea
[3] Ewha Womans Univ, Coll Sci & Ind Convergence, Dept Int Off Adm, 52 Ewhayeodae Gil, Seoul 52, South Korea
关键词
Risk perception; Travel insurance; COVID-19; Risk reduction behavior; Willingness to pay; DESTINATION IMAGE; TOURISM; INTENTION; IMPACT; MODEL;
D O I
10.1007/s11628-022-00479-8
中图分类号
F [经济];
学科分类号
02 ;
摘要
This study aims to identify the effects of health-related risk perception and sociodemographic characteristics on the willingness to pay (WTP) for travel insurance as a risk reduction behavior following the outbreak of COVID-19. Through the application of a double-bounded dichotomous choice contingent valuation method, this study found several determinants for travel insurance price (i.e., risk perception toward traveling, perception about the influence of COVID-19, past travel insurance purchase experience, age, and education). The mean WTP was estimated to be approximately KRW 11,700 (USD 10.23). Several theoretical and managerial implications regarding risk perception and travel insurance are discussed.
引用
收藏
页码:445 / 467
页数:23
相关论文
共 50 条
  • [1] Willingness to pay for travel insurance as a risk reduction behavior: health-related risk perception after the outbreak of COVID-19
    Yeongbae Choe
    Hyesun Kim
    Youngjoon Choi
    Service Business, 2022, 16 : 445 - 467
  • [2] Influenza risk perception and travel-related health protection behavior in the US: Insights for the aftermath of the COVID-19 outbreak
    Hotle, Susan
    Murray-Tuite, Pamela
    Singh, Kunal
    TRANSPORTATION RESEARCH INTERDISCIPLINARY PERSPECTIVES, 2020, 5
  • [3] Farmers' cognition of the COVID-19 outbreak, risk perception and willingness of green production
    Luo, Lei
    Qiao, Dakuan
    Wang, Lishuang
    Qiu, Ling
    Liu, Yuying
    Fu, Xinhong
    JOURNAL OF CLEANER PRODUCTION, 2022, 380
  • [4] COVID-19 and the public perception of travel insurance
    Tan, David
    Caponecchia, Carlo
    ANNALS OF TOURISM RESEARCH, 2021, 90
  • [5] Travel Behavior Changes after COVID-19 Outbreak in Taiwan
    Jou, Rong-Chang
    Yeh, Chen-Siang
    Chen, Ke-Hong
    JOURNAL OF ADVANCED TRANSPORTATION, 2022, 2022
  • [6] Estimating COVID-19 outbreak risk through air travel
    Daon, Yair
    Thompson, Robin N.
    Obolski, Uri
    JOURNAL OF TRAVEL MEDICINE, 2020, 27 (05)
  • [7] Impact of COVID-19 Outbreak Risk Perception on Willingness to Consume Products from Restaurants: Mediation Effect of Risk Attitude
    Li, Zhao
    Liang, Wangbing
    Luo, Jingfeng
    SUSTAINABILITY, 2022, 14 (10)
  • [8] Baseline risk and marginal willingness to pay for health risk reduction
    Gerking, Shelby
    Adamowicz, Wiktor
    Dickie, Mark
    Veronesi, Marcella
    JOURNAL OF RISK AND UNCERTAINTY, 2017, 55 (2-3) : 177 - 202
  • [9] Baseline risk and marginal willingness to pay for health risk reduction
    Shelby Gerking
    Wiktor Adamowicz
    Mark Dickie
    Marcella Veronesi
    Journal of Risk and Uncertainty, 2017, 55 : 177 - 202
  • [10] COVID-19 and Beyond: understanding travel risk perception as a process
    Jahari, Siti Aqilah
    Yang, I-Chieh Michelle
    French, Juliana Angeline
    Ahmed, Pervaiz Khalid
    TOURISM RECREATION RESEARCH, 2023, 48 (03) : 449 - 464